Alfred Marshall Quotes

Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil.

The law of supply and demand holds eternal.

For 99 issues out of 100 we could say that at some price they are cheap enough to buy and at some price they would be so dear that they would be sold.

The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.

Demand and supply are the opposite extremes of the beam, whence depend the scales of dearness and cheapness; the price is the point of equilibrium, where the momentum of the one ceases, and that of the other begins.

The simple model of a bridge is great, and you could not build a bridge without understanding it well. But if you're actually building the bridge, you need to know the site. A lot of economics is like that: When prices go up, demand is gonna go down. You can't forget that and run your economy. But it's not the only thing you need to know.

Supply always comes on the heels of demand.

Supply and demand don’t work on a legislative schedule.

The difficulty lies, not in finding a producer, but in finding a consumer.

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error.

The tradition of Chicago price theory is a good one, and it is a low-tech methodology that tries to apply simple economic theory to the world.

Supply and demand eventually rebalance. We've seen this again and again and again.

Increases in output generally lead to lower prices, not higher prices.

Agriculture is one economic activity that does not obey the laws of demand and supply.

In the market economy the price that is offered is counted upon to produce the result that is sought.

In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed.

The object of the law of value is to elucidate the actual exchange relations of commodities.

Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.

It's a market economy. Apparently the demand for great coaches exceeds the supply, so of course the price of good coaches is going to be high.

Teach a parrot the terms 'supply and demand' and you've got an economist.

Capitalism is a system for determining objective value.

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.

The Internet doesn't change everything. It doesn't change supply and demand.

It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.

That iPad you just bought. Do you care that it cost a few pence to manufacture? No. It's cost you several hundred pounds because somebody else was willing to pay that much for it. If they weren't... it wouldn't.